OREANDA-NEWS. February 08, 2007. In January 2008 OJSC “Ingulets Iron Ore Mining and Processing Works” (InGOK) increase production of iron ore concentrate by 19,7%  to 1198 thousand tones as compared to January 2007, reported the press-centre of SCM.

According to preliminary estimation the cost of the produced concentrate amounted in January prices to UAH276,1 million, which is 19,5% more than in January 2007.

Information:
Metinvest Group is the regional leader in mining and metals sector and one of the key players at world’s iron and steel market. The companies of the Group produce 10,5 million tons of steel, more than 38 million tons of iron ore raw materials both satisfying own needs and being the key supplier to other Ukrainian steelmaking companies.

LLC Metinvest Holding is the managing company of Metinvest Group. The owners of the managing company are Metinvest B.V. (Netherlands) with 51,15% of charter capital and ZAO SCM with 48,85%. Metinvest B.V. is 75% owned by SCM (System Capital Management) Limited (Cyprus), a subsidiary of ZAO SCM, and 25% owned by Smart N.V. 90% of ZAO SCM is owned by Rinat Akhmetov. Smart N.V. is the holding company of Vadim Novinskiy's business group.

Ingulets Iron Ore Mining and Processing Works is the largest iron ore producer in Ukraine.

In 2007 InGOK increased concentrate output by 5% to 14 023 thousand t as compared to 2006.
Ingulets GOK is a part of Metinvest Group.